Will take up strategic role to contribute to growth of Bandhan Group: Chandra Shekhar Ghosh, Bandhan Bank

Will take up strategic role to contribute to growth of Bandhan Group: Chandra Shekhar Ghosh, Bandhan Bank

“There are a good number of senior management people we have already boarded to the bank and they are also setting up the bank and so it is the right time, given we have a very professional team,” says Chandra Shekhar Ghosh, MD & CEO, Bandhan Bank.What are your future plans?I need to retire and … Read more

Mcap of 4 of top 10 companies hit Rs 1.71 trillion; HDFC Bank, LIC lead gainers

Mcap of 4 of top 10 companies hit Rs 1.71 trillion; HDFC Bank, LIC lead gainers

Four of the top 10 valued firms added Rs 1,71,309.28 crore to their market valuation last week with HDFC Bank and Life Insurance Corporation of India (LIC) emerging as the biggest gainers in line with an overall positive trend in equities. On the other hand, six companies from the top 10 pack took a Rs … Read more

Lok Sabha Election 2024 LIVE Updates: Congress seeks donations from people claiming bank accounts frozen in Madhya Pradesh

Lok Sabha Election 2024 LIVE Updates: Congress seeks donations from people claiming bank accounts frozen in Madhya Pradesh

The BJP, which is aiming to topple the Naveen Patnaik government in Odisha, plans to hold as many as 100 election rallies in the state, with key speakers including Prime Minister Narendra Modi and Union Home Minister Amit Shah. Odisha BJP vice-president Golak Mohapatra on Sunday said that mega rallies will be held in all … Read more

Five of top 10 firms take Rs 1.97 lakh cr hit in market valuation; TCS, Infy biggest losers

Five of top 10 firms take Rs 1.97 lakh cr hit in market valuation; TCS, Infy biggest losers

The combined market valuation of five of the 10 most valued firms eroded by Rs 1,97,958.56 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit amid volatile trends in equities. Last week, the BSE benchmark climbed 188.51 points or 0.25 per cent. The market valuation of TCS tanked … Read more

ED attaches properties worth ₹4.81 crore in bank fraud case in Jammu and Kashmir

ED attaches properties worth ₹4.81 crore in bank fraud case in Jammu and Kashmir

File. | Photo Credit: PTI The Enforcement Directorate (ED) on March 11 attached properties worth ₹4.81 crore in Srinagar in an alleged bank fraud case. “The ED has provisionally attached immovable properties worth ₹4.81 crore in the form of 18 kanal of land (approx.) and building, which pertains to Isfaq Ahmad Zargar, Khalil Ahmad Mughal, … Read more

RBI proposes norms for disclosure of climate-related financial risks for lenders

RBI proposes norms for disclosure of climate-related financial risks for lenders

Kolkata: The Reserve Bank of India has told banks and other lenders to disclose more information about their climate-related financial risks so that stakeholders — from regulators to customers — can understand and assess the risk early. Climate-related disclosures by regulated entities is an important source of information for different stakeholders — customers, depositors, investors … Read more

Election Commission sign MoUs with Bank association and Post Office for voter outreach

Election Commission sign MoUs with Bank association and Post Office for voter outreach

Representational file image. | Photo Credit: G.N. Rao As part of its efforts to spread voter awareness, the Election Commission has tied up with the Indian Banks’ Association (IBA) and the Department of Posts (DoP) to amplify its outreach to electors ahead of the upcoming Lok Sabha elections. The EC signed Memorandum of Understanding (MoU) … Read more

Bank officials taking students’ aid from their bank accounts: Congress legislator

Bank officials taking students’ aid from their bank accounts: Congress legislator

Referring to an assurance on educational loans made in the DMK’s manifesto for the 2021 Assembly election, Congress legislator J.G. Prince on Tuesday insisted that the State government help students, and stated that bank officials were taking the aid credited to the students’ accounts by the State government. During his speech in the Assembly, Mr. … Read more

Mcap of 4 most valued firms jumps Rs 2.18 lakh cr; LIC, SBI lead gainers

Mcap of 4 most valued firms jumps Rs 2.18 lakh cr; LIC, SBI lead gainers

Four of the top-10 most valued firms together added Rs 2.18 lakh crore in market valuation last week, with Life Insurance Corporation and State Bank of India emerging as the biggest gainers. From the top-10 pack, Reliance Industries, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC) and SBI were the gainers. They collectively … Read more

SBI Q3 results: PAT down 35% at Rs 9,164 crore on one time exceptional item

SBI Q3 results: PAT down 35% at Rs 9,164 crore on one time exceptional item

Leading public sector lender State Bank of India (SBI) reported a standalone net profit of Rs 9,164 crore which was down by over 35% from 14,205.34 crore reported by the state lender in the year ago period. The bank earned Rs 105,733.78 crore in interest income in the reported quarter which was up 22% from … Read more